Malaysia legislation
Section 9
of SARAWAK SOVEREIGN WEALTH FUTURE FUND BOARD ORDINANCE, 2022
Section 9
(a)
all monies in the Fund, including dividends, interests, gains, profits, income or return derived from investments or assets made under the provisions of this
Ordinance; and
(b)
all investments or assets held in the Investment
Fund Account and the Endowment Fund Account, shall be held for and on behalf of the Government absolutely, and no dealings in such investment or assets may be undertaken by the Board, save and except in accordance with this Ordinance, and where applicable, any directions issued by the Majlis Mesyuarat Kerajaan
Negeri pursuant to section 39.
(2)
Where under any written law, disclosure of beneficial ownership of any investment or assets is required, the Board shall disclose that such investment or assets are held for and on behalf of the Government absolutely.
(3)
For the purpose of this section, the term “investment”
includes the reinvestment of monies derived from dividends, interests, gains, profits, income or returns from the investment of monies held in the Investment Fund Account or the Endowment Fund Account.
Money upon Dissolution of Fund